The latest figures released by the Real Estate Institute of Victoria indicate that the residential rental vacancy rate for Ballarat has increased slightly from last month and is now sitting at 2.6% from 2.4%.
Ballarat median rents remained the same from February at $340pw, units/townhouses have also remained the same at $280pw.
The vacancy rates in Melbourne remained steady at 2.3% and Regional Victoria had a slight increase from 1.8 % to 1.9% for March.
Median rents for houses in metro Melbourne have decreased to $470pw from $480pw, along with the median rent for units also decreasing to $430pw from $450pw.
Source: REIV
Australian house and unit prices continue their upward trend this month, albeit at a slower pace. Both housing types saw a modest 0.2 per cent appreciation. However, the market is exhibiting greater diversity across states and regions, reflecting varying local economic conditions. July’s CPI results indicate a continued downward trend, … Read more
Australian residential property values have continued their upward trend in recent months, though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase. The ongoing scarcity of available properties and limited listings has intensified competition, driving up prices in both capital cities and … Read more